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This indicator takes the average of a series of ATR to calculate what I would consider an optimum stop loss placement represented in percentage (read below for full overview). While the data is plotted what is most helpful are the actual numbers presented and for my charts I remove most of the plotting. This indicator is most helpful on the daily timeframe but can be used for all … Free download of the 'Indicator for Stop Loss levels ... Nov 10, 2009 · It calculates and shows Stop Loss levels (for Buy and Sell positions) using the method described by Bill Williams in his book "Trading Chaos". A new feature has added: now all it can be analysed in history. - Free download of the 'Indicator for Stop Loss levels calculation using Bill Williams technique' indicator by 'cmillion' for MetaTrader 4 in the MQL5 Code Base
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